Property Details
About this Property
Lowest priced 5-unit complex in Santa Cruz County. Great opportunity for investors looking for revenue & financial returns vs great neighborhoods. $109,000 in Scheduled Gross Income delivers profitable returns - 10.87 GRM and 5.88% cap rate on current rents at full price. All units were remodeled after purchase in 2017. The complex has 4 one-bedroom units and a studio. New roofs for all buildings are pending in the spring of 2026. All asphalt was redone in 2023. Future capital improvement costs are minimal for several years. The complex is close to downtown Watsonville and Highway One.
MLS Listing Information
MLS #
ML82040986
MLS Source
MLSListings, Inc.
Days on Site
0
Interior Features
Kitchen
Countertop - Formica, Countertop - Granite, Exhaust Fan
Appliances
Exhaust Fan, Oven Range - Gas, Washer/Dryer
Flooring
Laminate, Tile, Vinyl/Linoleum
Laundry
Coin Operated
Cooling
None
Heating
Electric
Exterior Features
Roof
Flat
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
Detached, Off-Street Parking, On Street, Garage: 4 Car(s)
Elementary District
Pajaro Valley Unified
High School District
Pajaro Valley Unified
Zoning
General Industrial
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | 5 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | 1 | 1/0 | $1,900 | $2,000 | 4 |
| 2 | – | 0 | 1/0 | $1,500 | $1,500 | 1 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
236 Locust St is a Residential Income in Watsonville, CA 95076. This 2,300 square foot property sits on a 8,886 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,295,000 and was built in 1931. This address can also be written as 236 Locust St, Watsonville, CA 95076.
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This listing information is up-to-date as of March 31, 2026. For the most current information, please contact Hap Albers, (831) 372-1922
